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The Accounting Review

Senior Editor:

W. ROBERT KNECHEL, The University of Florida, Fisher School of Accounting, Gainesville, FL, U.S.A.

Editors:

CHRISTOPHER S. ARMSTRONG, University of Pennsylvania, The Wharton School, Philadelphia, PA, U.S.A.

JEREMY BERTOMEU, University of California, San Diego, Rady School of Management, La Jolla, CA, U.S.A.

BRIAN CADMAN, The University of Utah, David Eccles School of Business, Salt Lake City, UT, U.S.A.

CHRISTOPHER CHAPMAN, University of Bristol, Dept. of Accounting and Finance, Bristol, United Kingdom

MARGARET H. CHRIST, The University of Georgia, J.M. Tull School of Accounting, Athens, GA, U.S.A.

SHANE S. DIKOLLI, University of Virginia, Darden School of Business, Charlottesville, VA, U.S.A.

MICHAEL P. DONOHOE, University of Illinois at Urbana-Champaign, Gies College of Business, Champaign, IL, U.S.A.

JOSEPH J. GERAKOS, Dartmouth College, Tuck School of Business, Hanover, NH, U.S.A.

ANNA GOLD, Vrije Universiteit Amsterdam, Dept. of Accounting / Amsterdam Research Center in Dept. of Accounting, Amsterdam, Netherlands

ZHAOYANG GU, The Chinese University of Hong Kong, School of Accounting, Shatin, N.T., Hong Kong

RICHARD C. HATFIELD, The University of Alabama, Culverhouse School of Accounting, Tuscaloosa, AL, U.S.A.

PATRICK E. HOPKINS, Indiana University Bloomington, Kelley School of Business, Bloomington, IN, U.S.A.

XIUMIN MARTIN, Washington University in St Louis, Olin Business School, St. Louis, MO, U.S.A.

WILLIAM J. MAYEW, Duke University, The Fuqua School of Business, Durham, NC, U.S.A.

VIC NAIKER, The University of Melbourne, Dept. of Accounting, Victoria, Australia

EDWARD J. RIEDL, Boston University, Questrom School of Business, Boston, MA, U.S.A.

STEVEN E. SALTERIO, Queen's University, Smith School of Business, Kingston, Ontario, Canada

TATIANA SANDINO, Harvard University, Harvard Business School, Boston, MA, U.S.A.

DANIEL J. TAYLOR, University of Pennsylvania, The Wharton School, Philadelphia, PA, U.S.A.

DAVID VEENMAN, University of Amsterdam, Dept. of Accounting, Amsterdam, Netherlands

CONNIE D. WEAVER, Texas A&M University, Mays Business School, College Station, TX, U.S.A.

MICHAEL WILLENBORG, University of Connecticut, Dept. of Accounting, Storrs, CT, U.S.A.

TERI LOMBARDI YOHN, Emory University, Goizueta Business School, Atlanta, GA, U.S.A.

SARAH L. C. ZECHMAN, University of Colorado, Leeds School of Business, Boulder, CO, U.S.A.

Editorial Board:

MARGARET A. ABERNETHY, The University of Melbourne, Dept. of Accounting, Parkville, Victoria, Australia

ANWER S. AHMED, Texas A&M University, Dept. of Accounting, College Station, TX, U.S.A.

DAN AMIRAM, Tel Aviv University, Dept. of Accounting, Tel Aviv, Israel

WILLIAM R. BABER, Georgetown University, Dept. of Accounting, Washington, District of Columbia, U.S.A.

BRAD A. BADERTSCHER, University of Notre Dame, Dept. of Accounting, Notre Dame, IN, U.S.A.

KARTHIK BALAKRISHNAN, Rice University, Dept. of Accounting, Houston, TX, U.S.A.

ANNE BEYER, Stanford University, Graduate School of Business, Stanford, CA, U.S.A.

KENNETH L. BILLS, Michigan State University, Dept. of Accounting and Information Systems, East Lansing, MI, U.S.A.

DIRK E. BLACK, University of Nebraska–Lincoln, School of Accounting, Lincoln, NE, U.S.A.

ELIZABETH BLANKESPOOR, University of Washington, Dept. of Accounting, Seattle, WA, U.S.A.

JASMIJN C. BOL, Tulane University, A. B. Freeman School of Business, New Orleans, LO, U.S.A.

SARAH E. BONNER, University of Southern California, Leventhal School of Accounting, Pasadena, CA, U.S.A.

JAN BOUWENS, University of Amsterdam, Dept. of Accounting, Amsterdam, Netherlands

MARK BRADSHAW, Boston College, Dept. of Accounting, Chestnut Hill, MA, U.S.A.

FRANCOIS BROCHET, Boston University, Dept. of Accounting, Boston, MA, U.S.A.

TIMOTHY BROWN, University of Illinois at Urbana-Champaign, Dept. of Accounting, Urbana, IL, U.S.A.

STEPHEN V. BROWN, University of Connecticut, Dept. of Accounting, Storrs, CT, U.S.A.

JEFFREY J. BURKS, University of Notre Dame, Dept. of Accounting, Notre Dame, IN, U.S.A.

BRIAN J. BUSHEE, University of Pennsylvania, The Wharton School, Philadelphia, PA, U.S.A.

STEVEN F. CAHAN, The University of Auckland, Dept. of Accounting and Finance, Auckland, New Zealand

ANDREW C. CALL, Arizona State University, School of Accounting, Tempe, AZ, U.S.A.

JOHN L. CAMPBELL, The University of Georgia, J. M. Tull School of Accounting, Athens, GA, U.S.A.

MARY ELLEN CARTER, Boston College, Dept. of Accounting, Chestnut Hill, MA, U.S.A.

MONIKA CAUSHOLLI, University of Kentucky, Von Allmen School of Accounting, Lexington, KY, U.S.A.

CLARA XIAOLING CHEN, University of Illinois at Urbana-Champaign, Dept. of Accounting, Champaign, IL, U.S.A.

QI CHEN, Duke University, Fuqua School of Business, Durham, NC, U.S.A.

SHUPING (Michelle) CHEN, The University of Texas at Austin, Dept. of Accounting, Austin, TX, U.S.A.

XIA CHEN, Singapore Management University, School of Accounting, Singapore

QIANG CHENG, Singapore Management University, School of Accounting, Singapore

JONGWOON (WILLIE) CHOI, University of Wisconsin–Madison, Dept. of Accounting and Information Systems, Madison, WI, U.S.A.

PREETI CHOUDHARY, The University of Arizona, School of Accountancy, Tucson, AZ, U.S.A.

GREGORY J. CLINCH, The University of Melbourne, Dept. of Accounting, Victoria, Australia

CARLOS CORONA, Carnegie Mellon University, Tepper School of Business, Pittsburgh, PA, U.S.A.

ANNA M. COSTELLO, University of Michigan, Dept. of Accounting, Ann Arbor, MI, U.S.A.

LISA DE SIMONE, Stanford University, Dept. of Accounting, Stanford, CA, U.S.A.

ED deHAAN, University of Washington, Dept. of Accounting, Seattle, WA, U.S.A.

PETER R. W. DEMERJIAN, University of Illinois at Chicago, Dept. of Accounting, Chicago, IL, U.S.A.

MICHAEL S. DRAKE, Brigham Young University, School of Accounting, Provo, UT, U.S.A.

SCOTT D. DYRENG, Duke University, Fuqua School of Business, Durham, NC, U.S.A.

ALEXANDER EDWARDS, University of Toronto, Rotman School of Management, Toronto, Ontario, Canada

MATTHEW S. EGE, Texas A&M University, James Benjamin Dept. of Accounting, College Station, TX, U.S.A.

NEIL L FARGHER, The Australian National University, Research School of Accounting, Acton, Australia

FABRIZIO FERRI, University of Miami, Dept. of Accounting, Miami, FL, U.S.A.

CLINTON FREE, The University of Sydney, Discipline of Accounting, Sydney, Australia

HENRY FRIEDMAN, University of California, Los Angeles, Anderson School of Management, Los Angeles, CA, U.S.A.

WEILI GE, University of Washington, Dept. of Accounting, Seattle, WA, U.S.A.

STEPHEN GLAESER, The University of North Carolina at Chapel Hill, Dept. of Accounting, Chapel Hill, NC, U.S.A.

JONATHAN C. GLOVER, Columbia University, Dept. of Accounting, New York, NY, U.S.A.

JONATHAN GRENIER, Miami University, Dept. of Accounting, Oxford, OH, U.S.A.

JACQUELINE S. HAMMERSLEY, The University of Georgia, J.M. Tull School of Accounting, Athens, GA, U.S.A.

REBECCA N. HANN, University of Maryland, Dept. of Accounting, College Park, MD, U.S.A.

NOEL HARDING, UNSW Sydney, School of Accounting, Sydney, Australia

MIRKO S. HEINLE, University of Pennsylvania, Dept. of Accounting, Philadelphia, PA, U.S.A.

SHANE M. HEITZMAN, University of Southern California, Leventhal School of Accounting, Los Angeles, CA, U.S.A.

THOMAS HEMMER, Rice University, Jones Graduate School of Business, San Leon, TX, U.S.A.

KAREN M. HENNES, The University of Oklahoma, Steed School of Accounting, Norman, OK, US

GILLES HILARY, Georgetown University, Dept. of Accounting, Washington, District of Columbia, U.S.A.

KRIS HOANG, The University of Alabama, Culverhouse School of Accounting, Tuscaloosa, AL, U.S.A.

JESSEN L. HOBSON, University of Illinois at Urbana-Champaign, Dept. of Accounting, Champaign, IL, U.S.A.

LESLIE D. HODDER, Indiana University Bloomington, Kelley School of Business, Bloomington, IN, U.S.A.

VICKY B. HOFFMAN, University of Pittsburgh, Dept. of Accounting, Pittsburgh, PA, U.S.A.

CHRIS E. HOGAN, Michigan State University, Dept. of Accounting and Information Systems, East Lansing, MI, U.S.A.

MINGYI HUNG, The Hong Kong University of Science and Technology, Dept. of Accounting, Hong Kong

DORON ISRAELI, IDC Herzliya, Arison School of Business, Herzliya, Israel

ALAN D. JAGOLINZER, University of Cambridge, Judge Business School, Cambridge, United Kingdom

S. JANE JOLLINEAU, University of San Diego, Dept. of Accounting, San Diego, CA, U.S.A.

ALON KALAY, Michigan State University, Dept. of Accounting, East Lansing, MI, U.S.A.

ASAD KAUSAR, American University, Kogod School of Business, Washington, District of Columbia, U.S.A.

UROOJ KHAN, Columbia University, Dept. of Accounting, New York, NY, U.S.A.

INDER K. KHURANA, University of Missouri, School of Accounting, Columbia, MO, U.S.A.

MICHAEL D. KIMBROUGH, University of Maryland, Dept. of Accounting and Information Assurance, College Park, MD, U.S.A.

MARCUS P. KIRK, University of Florida, Fisher School of Accounting, Gainesville, FL, U.S.A.

ANDREW KITTO, University of Massachusetts Amherst, Dept. of Accounting, Amherst, MA, U.S.A.

APRIL KLEIN, New York University, Dept. of Accounting, New York, NY, U.S.A.

LISA KOONCE, The University of Texas at Austin, Dept. of Accounting, Austin, TX, U.S.A.

JAGAN KRISHNAN, Temple University, Dept. of Accounting, Philadelphia, PA, U.S.A.

JAYANTHI KRISHNAN, Temple University, Dept. of Accounting, Philadelphia, PA, U.S.A.

EVA LABRO, The University of North Carolina at Chapel Hill, Kenan-Flagler Business School, Chapel Hill, NC, U.S.A.

PHILLIP T. LAMOREAUX, Arizona State University, Dept. of Accounting, Mesa, AZ, U.S.A.

WAYNE R. LANDSMAN, University of North Carolina at Chapel Hill, Dept. of Accounting, Chapel Hill, NC, U.S.A.

CHRISTIAN LAUX, WU Vienna University of Economics and Business, Department of Finance, Dept. of Accounting and Statistics, Vienna, Austria

ALASTAIR N. LAWRENCE, London Business School, Dept. of Accounting, Regent's Park, United Kingdom

JUSTIN LEIBY, University of Illinois at Urbana-Champaign, Dept. of Accounting, Champaign, IL, U.S.A.

REBECCA LESTER, Stanford University, Stanford Graduate School of Business, Dept. of Accounting, Palo Alto, CA, U.S.A.

CHAN LI, The University of Kansas, Dept. of Accounting, Lawrence, PA, U.S.A.

SIQI LI, Santa Clara University, Dept. of Accounting, Santa Clara, CA, U.S.A.

XI LI, The London School of Economics and Political Science, Dept. of Accounting, London, United Kingdom

YINGHUA LI, Arizona State University, School of Accounting, Tempe, AZ, U.S.A.

WEI YIU (SCOTT) LIAO, University of Toronto, Rotman School of Management, Toronto, Ontario, Canada

PETRO LISOWSKY, Boston University, Dept. of Accounting, Boston, MA, U.S.A.

ALVIS LO, Boston College, Dept. of Accounting, Chestnut Hill, MA, U.S.A.

MATTHEW LYLE, Northwestern University, Kelley School of Management, Evanston, IL, U.S.A.

PAUL E. MADSEN, University of Florida, Fisher School of Accounting, Gainesville, FL, U.S.A.

IVÁN MARINOVIC, Stanford University, Dept. of Accounting, Palo Alto, CA, U.S.A.

KEVIN MARKLE, Michigan State University, Dept. of Accounting and Information Systems, East Lansing, MI, U.S.A.

NATHAN MARSHALL, University of Colorado Boulder, Dept. of Accounting, Boulder, CO, U.S.A.

F. ASIS MARTINEZ-JEREZ, University of Notre Dame, Dept. of Accounting, Notre Dame, IN, U.S.A.

MICHAL MATĚJKA, Arizona State University, School of Accounting, Tempe, AZ, US

ELAINE G. MAULDIN, University of Missouri, School of Accounting, Columbia, MO, U.S.A.

MICHAEL MAYBERRY, University of Florida, Fisher School of Dept. of Accounting, Gainesville, FL, U.S.A.

JOHN M. MCINNIS, The University of Texas at Austin, Dept. of Accounting, Austin, TX, U.S.A.

SARAH E. MCVAY, University of Washington, Dept. of Accounting, Seattle, WA, U.S.A.

KENNETH J. MERKLEY, Indiana University Bloomington, Dept. of Accounting, Bloomington, IN, U.S.A.

PAUL N. MICHAS, The University of Arizona, School of Accounting, Tucson, AZ, U.S.A.

BRIAN P. MILLER, Indiana University Bloomington, Dept. of Accounting, Bloomington, IN, U.S.A.

LILLIAN F. MILLS, The University of Texas at Austin, Dept. of Accounting, Austin, TX, U.S.A.

MICHAEL MINNIS, The University of Chicago, Booth School of Business, Chicago, IL, U.S.A.

PARTHA S. MOHANRAM, University of Toronto, Rotman School of Management, Toronto, Ontario, Canada

UDAY S. MURTHY, University of South Florida, Lynn Pippenger School of Accounting, Tampa, FL, U.S.A.

VENKATESH NAGAR, University of Michigan, Dept. of Accounting, Ann Arbor, MI, U.S.A.

SURESH NALLAREDDY, Duke University, Dept. of Accounting, Durham, NC, U.S.A.

TERRY L. NEAL, The University of Tennessee, Dept. of Accounting and Information Management, Knoxville, TN, U.S.A.

ANDREW H. NEWMAN, University of South Carolina, Dept. of Accounting, Columbia, SC, U.S.A.

JEFFREY NG, The Hong Kong Polytechnic University, School of Accounting and Finance, Hung Hom, Hong Kong

MARIA OGNEVA, University of Southern California, Leventhal School of Accounting, Los Angeles, CA, U.S.A.

THOMAS C. OMER, University of Nebraska-Lincoln, School of Accounting, Lincoln, NE, U.S.A.

GAIZKA ORMAZABAL, University of Navarra, IESE Business School, Barcelona, Spain

EDWARD OWENS, The University of Utah, David Eccles School of Business, Salt Lake City, UT, U.S.A.

REINING PETACCHI, Georgetown University, McDonough School of Business, Dept. of Accounting, Washington, District of Columbia, U.S.A.

MIKHAIL PEVZNER, University of Baltimore, Merrick School of Business, Potomac, MD, U.S.A.

PETER F. POPE, Bocconi University, Dept. of Accounting, Milano, Italy

SURESH RADHAKRISHNAN, The University of Texas at Dallas, Jindal School of Management, Richardson, TX, U.S.A.

SONJA OLHOFT REGO, Indiana University Bloomington, Kelley School of Business, Bloomington, IN, U.S.A.
LAUREN C. REID, Wake Forest University, Dept. of Accounting, Winston-Salem,
NC, U.S.A.

KRISTINA RENNEKAMP, Cornell University, Dept. of Accounting, Ithaca, NY, U.S.A.

JOHN R. ROBINSON, Texas A&M University, Jim Benjamin Dept. of Accounting, Driftwood, TX, U.S.A.

STEVEN K. ROCK, University of Colorado Boulder, Dept. of Accounting Division, Boulder, CO, US

DARREN T. ROULSTONE, The Ohio State University, Dept. of Accounting and Management Information Systems, Columbus, OH, U.S.A.

BRIAN R. ROUNTREE, Rice University, Jones Graduate School of Business, Houston, TX, U.S.A.

DELPHINE SAMUELS, Massachusetts Institute of Technology, Dept. of Accounting, Cambridge, MA, U.S.A.

JASON D. SCHLOETZER, Georgetown University, Dept. of Accounting, Washington, District of Columbia, U.S.A.

JORDAN SCHOENFELD, Dartmouth College, Dept. of Accounting, Hanover, NH, U.S.A.

JOSEPH H. SCHROEDER, Indiana University Bloomington, Kelley School of Business, Bloomington, IN, U.S.A.

MANI SETHURAMAN, Cornell University, Dept. of Accounting, Ithaca, NY, U.S.A.

CATHERINE SHAKESPEARE, University of Michigan, Ross School of Business, Ann Arbor, MI, U.S.A.

DIVESH S. SHARMA, Kennesaw State University, Coles College of Business, Kennesaw, GA, U.S.A.

LAKSHMANAN SHIVAKUMAR, London Business School, Dept. of Accounting, Regent's Park, United Kingdom

NEMIT SHROFF, Massachusetts Institute of Technology, Economics, Finance & Accounting, Cambridge, MA, U.S.A.

EWA SLETTEN, The Ohio State University, Dept. of Accounting & Management Information Systems, Columbus, OH, U.S.A.

SARAH E. STEIN, Virginia Polytechnic Institute and State University, Dept. of Accounting and Information Systems, Blacksburg, VA, U.S.A.

BRIDGET M. STOMBERG, Indiana University Bloomington, Dept. of Accounting, Bloomington, IN, U.S.A.

STEPHEN R. STUBBEN, The University of Utah, Dept. of Accounting, Salt Lake City, UT, U.S.A.

JAYANTHI SUNDER, The University of Arizona, School of Accounting, Tucson, AZ, U.S.A.

ANDREW SUTHERLAND, Massachusetts Institute of Technology, Dept. of Accounting, Cambridge, MA, U.S.A.

QUINN T. SWANQUIST, The University of Alabama, The Culverhouse School of Accounting, Tuscaloosa, AL, U.S.A.

HUN TONG TAN, Nanyang Technological University, Nanyang Business School, Nanyang, Singapore

SIEW HONG TEOH, University of California, Irvine, Merage School of Business, Irvine, CA, U.S.A.

JACOB K. THOMAS, Yale University, School of Management, New Haven, CT, U.S.A.

XIAOLI (SHAOLEE) TIAN, Georgetown University, Dept. of Accounting, Washington, District of Columbia, U.S.A.

XUAN TIAN, Tsinghua University, PBC School of Finance, Beijing, China

JENNIFER WU TUCKER, University of Florida, Fisher School of Accounting, Gainesville, FL, U.S.A.

STEVEN UTKE, University of Connecticut, Dept. of Accounting, Storrs, CT, U.S.A.

ANDREW VAN BUSKIRK, The Ohio State University, Dept. of Accounting & MIS, Columbus, PH, U.S.A.

WIM A. VAN DER STEDE, The London School of Economics and Political Science, Dept. of Accounting, London, United Kingdom

LAURENCE VAN LENT, Frankfurt School of Finance and Management, Dept. of Accounting and Economics, Frankfurt, Hessen, Germany

RAHUL VASHISHTHA, Duke University, Fuqua School of Business, Durham, NC, U.S.A.

SHANKAR VENKATARAMAN, Bentley University, Dept. of Accounting, Waltham, MA, U.S.A.

CLARE WANG, University of Colorado Boulder, Dept. of Accounting, Boulder, CO, U.S.A.

ISABEL YANYAN WANG, Michigan State University, Dept. of Accounting and Information Systems, East Lansing, MI, U.S.A.

XUE WANG, The Ohio State University, Dept. of Accounting & Management Information Systems, Columbus, OH, U.S.A.

DANIEL D. WANGERIN, University of Wisconsin-Madison, Dept. of Accounting and Information Systems, Madison, WI, U.S.A.

GREGORY B. WAYMIRE, Emory University, Goizueta Business School, Atlanta, GA, U.S.A.

JOSEPH P. WEBER, Massachusetts Institute of Technology, Dept. of Accounting, Cambridge, MA, U.S.A.

ROBERT L. WHITED, North Carolina State University, Dept. of Accounting, Raleigh, NC, U.S.A.

JARON H. WILDE, The University of Iowa, Dept. of Accounting, Iowa City, IA, U.S.A.

MICHAEL S. WILKINS, The University of Kansas, Dept. of Accounting, Lawrence, PA, U.S.A.

CHRISTOPHER D, WILLIAMS, University of Michigan, Dept. of Accounting, Ann Arbor, MI, U.S.A.

MICHAEL G. WILLIAMSON, University of Illinois at Urbana-Champaign, Dept. of Accountancy, Champaign, IL, U.S.A.

RYAN J. WILSON, University of Oregon, Dept. of Accounting, Eugene, OR, U.S.A.

T. J. WONG, University of Southern California, Leventhal School of Accounting, Los Angeles, CA, U.S.A.

HOLLY I. YANG, Singapore Management University, Dept. of Accounting, Singapore

YONG GEORGE YANG, The Chinese University of Hong Kong, School of Accounting, Shatin, N.T., Hong Kong

P. ERIC YEUNG, Cornell University, Johnson Graduate School of Management, Ithaca, NY, U.S.A.

DANQING YOUNG, The Chinese University of Hong Kong, School of Accounting, Shatin, N.T., Hong Kong

GWEN YU, University of Michigan, Dept. of Accounting, Ann Arbor, MI, U.S.A.

YONG YU, The University of Texas at Austin, Dept. of Accounting, Austin, TX, U.S.A.

YOONSEOK ZANG, Singapore Management University, School of Accounting, Singapore

AMY Y. ZANG, The Hong Kong University of Science and Technology, Dept. of Accounting, Clear Water Bay, Hong Kong

IVY XIYING ZHANG, University of California, Riverside, Dept. of Accounting, Riverside, CA, U.S.A.

JIEYING ZHANG, The University of Texas at Dallas, Dept. of Accounting, Dallas, TX, U.S.A.

TIANYU ZHANG, The Chinese University of Hong Kong, Dept. of Accounting, Shatin, N.T., Hong Kong

YUAN ZHANG, The University of Texas at Dallas, Dept. of Accounting, Richardson, TX, U.S.A.

LUO ZUO, Cornell University, Samuel Curtis Johnson Graduate School of Management, Ithaca, NY, U.S.A.


Past Senior Editors:

1926–1929     William A. Paton
1929–1943     Eric L. Kohler
1944–1947     A. C. Littleton
1948–1949     Robert L. Dixon
1950–1959     Frank P. Smith
1959–1962     Robert K. Mautz
1962–1965     Lawrence L. Vance
1965–1967     Wendell Trumbull
1968–1970     Charles H. Griffin
1971–1972     Eldon S. Hendriksen
1973–1975     Thomas F. Keller
1976–1978     Don T. Decoster
1978–1983     Stephen A. Zeff
1983–1987     Gary L. Sundem
1987–1990     William Kinney
1990–1994     A. Rashad Abdel-Khalik
1994–1997     Robert P. Magee
1997–2000     Gerald L. Salamon
2000–2002     Linda Smith Bamber
2002–2005     Terry Shevlin
2005–2008     Dan S. Dhaliwal
2008–2011     Steven J. Kachelmeier
2011–2014     John Harry Evans III
2014–2017     Mark L. DeFond
2017-2020     Mary E. Barth

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